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Investing.com -- The World Bank anticipates Thailand's economy will grow by 2.9% this year, a slight decrease from the 3.0% forecast in October, but a step up from the 2.6% estimated for 2024.
The growth of the second-largest economy in Southeast Asia will be propelled by an upswing in investment. This is expected to be supported by an increase in budget execution and the commencement of pipeline infrastructure projects, according to a World Bank report released on Friday.
While tourism and private consumption will continue to be important, they are expected to slow down.
The World Bank projects tourism to return to pre-pandemic levels by mid-year, with 41 million visitors anticipated for 2025. This figure surpasses the record of nearly 40 million tourists that Thailand welcomed in 2019.
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